Canaccord Genuity Expands Investment Banking Capabilities with the Addition of Head of US Special... -- NEW YORK, July 31, 2013

Canaccord Genuity Expands Investment Banking Capabilities with the Addition of Head of US Special Situations and Restructuring

NEW YORK, July 31, 2013 /PRNewswire/ - Canaccord Genuity is pleased to announce
that Geoffrey A. Richards has joined the firm as Managing Director,
Head of US Special Situations and Restructuring. Mr. Richards will work
from the firm's US headquarters in New York City, as well as maintain a
presence in Chicago.

"I am pleased to welcome Geoff to Canaccord Genuity's investment banking
team," said Dan Daviau, President of Canaccord Genuity Inc. (US).
"With over 18 years of complex transaction experience, Geoff's
knowledge and role expands our restructuring capabilities in the US and
builds off of the leading restructuring practice Canaccord Genuity has
built in Canada and the UK."

Mr. Richards will focus on a broad range of assignments, including
restructuring, financing and distressed mergers and acquisition
engagements, both in and outside Chapter 11. He has advised domestic
and multinational public and private companies, private equity
sponsors, hedge funds, purchasers of distressed assets and businesses,
key secured and unsecured creditors, DIP lenders, and creditors'
committees.

"I look forward to working with the investment banking teams in
Canaccord Genuity's US and international offices and to continuing to
help clients find creative solutions to their financial needs," said
Mr. Richards. "I am excited to be joining the firm as it continues its
global expansion and extends its international reach."

Mr. Richards was most recently Head of the Special Situations &
Restructuring Group at William Blair & Company. Prior to that, he
served as Managing Director at Giuliani Capital Advisors LLC and a
Partner in the Kirkland & Ellis LLP restructuring practice since 2002.
Since 2001, Mr. Richards has taught corporate restructuring as an
adjunct professor at Northwestern University School of Law.

"Our new US special situations and restructuring practice will enhance
our significant presence in Europe and Canada where we see an
increasing number of cross border restructuring opportunities",
commented Barry Goldberg, Managing Director & Global Head of M&A &
Restructuring. "I am looking forward to working with Geoff and the team
he is building in the US."

ABOUT CANACCORD GENUITY:
Canaccord Genuity is the global capital markets division of Canaccord
Financial Inc. (TSX: CF, LSE: CF.), offering institutional and
corporate clients idea-driven investment banking, merger and
acquisition, research, sales and trading services from offices in 12
countries worldwide. Our team of nearly 1,000 capital markets and
advisory professionals has industry and transactional expertise in 18
key sectors of the global economy. We are committed to providing valued
services to our clients throughout the entire lifecycle of their
business and operating as a gold standard independent investment bank -
expansive in resources and reach, but targeted in industry expertise,
market focus and individual client attention. More information is
available at: www.canaccordgenuity.com

ABOUT CANACCORD FINANCIAL INC.:
Through its principal subsidiaries, Canaccord Financial Inc. is a
leading independent, full-service financial services firm, with
operations in two principal segments of the securities industry: wealth
management and global capital markets. Since its establishment in 1950,
Canaccord has been driven by an unwavering commitment to building
lasting client relationships. We achieve this by generating value for
our individual, institutional and corporate clients through
comprehensive investment solutions, brokerage services and investment
banking services. Canaccord has offices in 13 countries worldwide,
including Wealth Management offices located in Canada, Australia, the
UK and Europe. Canaccord Genuity, the Company's international capital
markets division, has operations in Canada, the U.S., the U.K., France,
Germany, Ireland, Italy, Hong Kong, mainland China, Singapore, Myanmar,
Australia and Barbados.

Canaccord Financial Inc. is publicly listed on the Toronto Stock
Exchange and the London Stock Exchange (TSX:CF, LSE:CF.).